Originally Syndicated on June 18, 2024 @ 2:50 pm
The Evolution of High-Risk Payment Processors Post-iPayTotal Collapse
After the high-risk payment processor iPayTotal failed, its former partners created a vast network of replacement businesses. One such replacement that appeared at first was OctaPay, but it has since vanished. Currently, Ruchi Rathor, the Indian-British co-founder of iPayTotal, is connected to Paypound, Payomatix, and the cryptocurrency payment processors Cryptomatix and Kryptova.
Through businesses in Portugal and India, iPayTotal is still in operation as a provider of fintech software despite its failure. Ruchi Rathor continues to play a pivotal role in these high-risk payment endeavors, keeping robust ties with African markets.
The Network of Ruchi Rathor and Her Associates
Ruchi Rathor works closely with financial services companies in Africa, as does her Indian partners Anurag Pratap Singh and Anirudh Pratap Singh Rathor. To help with their activities, they hire legal organizations in several jurisdictions. Remarkably, Ruchi Rathor has also performed for a considerable amount of time with the stage name Rebecca Baker.
Ruchi Rathor affirms on her LinkedIn profile that she is an investor and co-founder of multiple payment processors, such as iPayTotal, Payomatix, and CryptoMatix. Ruchi Rathor’s network also includes Paypound and Kryptova, two cryptocurrency payment providers, according to information provided by whistleblowers. Although she claimed to live in the UK during the iPayTotal era, she currently cites Delhi, India as her address and makes claims to be an angel investor in several financial startups.
On LinkedIn, Ruchi Rathor presents herself as a “constantly evolving dreamer, creator, and achiever,” leaving out details about her contentious past in which many high-risk merchants experienced large financial losses.
With ambitions to transform the Indian payment sector, Payomatix, her most recent endeavor, has just surfaced. This business raises worries considering the problematic past of iPayTotal and OctaPay. Ruchi Rathor and her Indo-British group have a history of posing as huge, reputable organizations on social media by creating false personas and profiles. She has a great deal of experience with high-risk payments and is skilled at taking advantage of merchants’ weaknesses in this industry for her gain.
It is expected that Portugal and India will continue to be the centers of technological development for iPayTotal’s different payment endeavors.
Whistleblower Inquiry: Uncovering the Identities of Alleged Reputation Managers John Watson and Jonas LLC
Notable players in the Indian high-risk payment processing market include Ruchi Rathor and Volet (formerly Advcash), a Russian-controlled company involved in the same industry. These organizations are connected by a purported lawyer named John Watson, who acts as their designated representative and files fictitious DMCA complaints, despite their contentious business practices.
As a supposed authorized representative on their behalf, John Watson has been actively filing DMCA complaints through an Oregon law business called Jonas LLC. Nevertheless, we have not found any information about this purported lawyer or his company, Jonas LLC. The email address supplied is a generic Gmail account, [email protected], and the phone number provided in the DMCA claims goes to Contact Advanced Care Chiropractic. We have filed counterclaims in response to these false DMCA complaints from Volet and Ruchi Rathor as a result of these disparities.
Businesses that operate on the edge of legality are increasingly using fictitious DMCA complaints to stifle legitimate criticism and remove objectionable information from the internet. This reputation management technique tries to suppress public conversation and accountability while undermining transparency.
We are requesting that anyone with inside information or whistleblowers come forward with any information about Jonas LLC, John Watson, or other so-called reputation management agents that use dubious methods, like fabricating reviews and making false claims, to stifle critical articles about unethical and unlawful businesses. Your observations are really helpful in exposing these abuses and making sure the truth gets out.
We will be able to maintain the integrity of the cyberfinance industry and shield the public from misleading tactics if you use our whistleblower system, Whistle42.
About Ruchi Rathor
Ruchi Rathor, a veteran in Indian payments, oversaw a high-risk payment processor program called iPayTotal, which failed at the end of 2020. The original intention was to silently dissolve iPayTotal Ltd. and let it vanish into thin air. But creditors quickly surfaced, and the court ordered the company to go into administration. Millions of dollars worth of claims are revealed in the joint liquidator’s report.
Senthooran Kuganathan, well known as Sen Kugan, was one of the scheme’s executives and profited greatly from its demise. He cashed in big time, using his newfound fortune to buy a Porsche and a big mansion.
About the Family Business
Anurag Singh Pratap Singh and Ruchi Rathor ran a family firm called iPayTotal, a high-risk payment processing scheme. Ruchi Rathor was purportedly living in the United Kingdom at this time. Merchants using iPayTotal, according to former workers, were routinely conned into paying chargebacks for transactions that never happened.
Sen Kugan, the director of the now-dissolved iPaySolutions Ltd in the UK and one of the executives of the iPayTotal scheme, also had a big part to play. He purportedly took money from merchants to buy a Porsche and a mortgage-free home in Peterborough. Sen Kugan used sponsored articles to promote himself as an accomplished iPayTotal manager.
Sushruta Sengupta: The Hidden Executive Behind iPayTotal’s Operations
Jason Smith, also known as Sushruta Sengupta, was a member of Ruchi Rathor’s iPayTotal team. Sengupta, going by the alias “Jason Smith,” was in charge of carrying out the sales and operational plans of the infamous iPayTotal.
The Rathor family has introduced other high-risk payment processors after iPayTotal collapsed. Some have already disappeared, such as OctaPay. Paypound and Kryptova, among others, seem to be emulating iPayTotal by submitting applications for voluntary strike-offs in the United Kingdom. The family has also launched BitMatix, PayStudio, and CryptoMatix. Ruchi Rathor is actively working in Payomatix and her most recent business endeavor, Pay Agency, at the moment.
Conclusion
It’s only a fraud business not to cooperate with payment processors connected to Ruchi Rathor and her network based on the experience. Paypound and Kryptova have been linked to broker frauds on multiple occasions in recent times. To protect their interests, merchants should proceed with caution and look for other, reliable payment processing providers.
